Apple Becomes World’s Most Valuable Co. (After Saudi Aramco), Amazon CEO Jeff Bezos $7B Richer As Earnings Pump Stocks

at an antitrust hearding on Capitol Hill on Wednesday to explore whether these companies are too big and should be broken up. The executives argued that they face stiff competition across their businesses and anyway do much more good than harm.

Shares of Amazon closed up 3.7% at $3,164 — off its high for the day of $3,244. Founder and chief executive Jeff Bezos owns 11% of the company, meaning his net worth surged by around $7 billion in a day, according to calculations by MarketWatch. Amazon reported sales of $88.9 billion for the quarter. It ended the day with a market cap of about $1.6 trillion.

robertliefeld Price or Value !?

Been there done that. This is a dumbe race.

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